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2025 Resolutions
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7/9/2025 4:07:45 PM
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(6) t he Aulhorlt\ hereby agrees to the recennnucndation of BSMI I that niw more X: Shohl <br />1 11. be appointed as bond coun-,el, and hereby a1lx)in1s such firm to supervi,e Ilhc proceeding~ and <br />appro%e the issuance (if' (lie Bonds. <br />(7) At the rcque51 of BSMII, the Authority hereby appoints RBC Capital Market, and <br />A"Morgan Securities 1.1 .C. as undern%riters for the purchase and sale of the Bonds pursuant to lean % to <br />lie mutually agreed upon, <br />(S) If requested by BSMII or bond counsel, the Authority shall, at the expense of BYvIl1. <br />make application to the Internal Revenue Service for such tax rulings as may be nccessar) or desirable <br />in connection \N ith the issuance of all or part of the Bonds, and the Chairman and the Vice Chairman of <br />the Authoriq are hereby authorized to execute an appropriate power of attorney naming such counsel as <br />11SMI l may request for the purposes of seeking such ruling. <br />(9) The Secretary of the Authority is directed to forward a copy of this Resolution to the Board <br />of Super isors of I Icnrico County, Virginia. The Authority hereby recommends that the Board of <br />Super isors of I lenrico County, Virginia, appros c the issuance of the Bonds after a public hearing (as to <br />\\hick proper notice is given by publication in a newspaper of general circulation) in accordance %vith the <br />pro% inions of Section 147(1) of the Code and Section 15.2-4906 of the Act. <br />(10) Nothing contained in this resolution shall require the expenditure of any funds of the <br />Authority for any purpose ahalsocscr c.,c,;pt such as ma) be derived from the proceeds of the Bonds <br />issued pursuant hereto, it being understood that W&I will reimburse the Authority for all reasonable <br />and necessary direct out-of-pocket expen:�es that the Authority may incur arising from the adoption of thi, <br />resolution and the performance by the Authority of its obligations hereunder and that arc not paid %Kith <br />the proceeds of the Bonds, including the Authority's fees and expenses, including counsel fees. In <br />addition. BSMII shall pay to the Authority a one-time fee in accordance with the Authority's' tee <br />schedule, payable upon the issuance of the Bonds. If for any reason such Bonds are not issued, it is <br />understood that all such expenses shall be paid by BSMH and that the Authority shall lune nr <br />responsibility therefor. <br />(1 1) This resolution shall take effect immediately and shall expire one year from the date hercol <br />unless the Bonds are issued Nvithin such time. <br />
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